Key Market Insights for February 21st, how much did you miss?
Top News
1. BNB Chain Announces Pascal Hard Fork, Mainnet Upgrade Scheduled for March 2025
2. Ethereum On-chain Gas Drops to 0.692Gwei
3. Insider: Kanye Plans to Launch meme Token YZY, Holding 70% Share
4. Shadow Exchange Liquidity Pool APR Remains High, SHADOW Surges Over 348% in 7 Days
5. Yesterday's US Bitcoin Spot ETF Sees Net Outflow of $3.6477 Billion
Trending Topics
Source: Overheard on CT (tg: @overheardonct), Kaito
KAITO: The discussion mainly revolves around its token issuance and airdrop. Many users have expressed their expectations and excitement for KAITO as a core project in the InfoFi ecosystem. The distribution method of this airdrop has also become a hot topic, considering factors such as value alignment and long-term loyalty. In addition, the KAITO token has been listed on mainstream exchanges like Binance and Coinbase, further increasing its market attention and promoting trading activity.
IP: Today's discussion on STORYPROTOCOL focuses on its recent airdrop and the significant price surge of the $IP token, which has risen over 150% in the past 24 hours. Furthermore, the launch of the STORYPROTOCOL mainnet, along with partnerships with projects like HoloworldAI and PiperxProtocol, has also been a point of focus. As an AI-driven on-chain storytelling ecosystem, STORYPROTOCOL is believed to have the potential to disrupt traditional intellectual property models, and the community is full of anticipation for its future development and the impact of its partners.
BERA: Mainly focused on its significant price surge. Many users are paying attention to BERA's strong market performance and are optimistic about its future upside potential. The Berachain ecosystem has received praise for its innovative "Proof of Liquidity" mechanism and the high-yield opportunities it offers. Many tweets mention a focus on BERA's APR (Annual Percentage Rate), believing it has high-return potential. Users also discuss the continued growth of the Berachain ecosystem and community's impact on the market. Overall market sentiment is optimistic, with users holding a positive outlook on BERA's future.
PI: Mainly influenced by its official launch and listing on multiple exchanges such as OKX and Bitget. The token price saw a significant increase, accompanied by a surge in trading volume. This event sparked discussions in the market about the authenticity of PI, with some questioning its legitimacy as a possible scam, while others believe it has the potential for widespread adoption and has brought rewards to long-term miners. Additionally, the volatility of PI's price and its comparison to Bitcoin, Ethereum, and other mainstream cryptocurrencies have further piqued market interest. Despite some skepticism, the overall market remains optimistic about its future performance.
S: Today's discussions about S (Sonic) focused on its rapid growth and significant developments in the crypto market. As a token leading in daily gains, Sonic has attracted attention from developers and users due to its high-speed transactions, low fees, and robust ecosystem. Key discussion points include Sonic surpassing Hyperliquid in Total Value Locked (TVL), the release of new projects and ecosystem integrations, and market attention to its airdrop and Staking opportunities. The community widely believes that Sonic has the potential to disrupt DeFi, with its innovative technology and strong developer support further boosting market confidence.
Featured Articles
1. "CEX新币爆仓超6500万美元,「做空牛」也要结束了吗?"
shushu, BlockBeats
而当散户的思维定势形成,下一步就是收割。从IP的爆空数据就能看出端倪:当所有人都挤在「做空」这一边时,主力只要投入相对有限的资金,抬高币价,就可以「吃」到散户的爆仓头寸,进而用「合约爆空」获利。
2.《Ecological Boom 100%, What Other Wealth Passwords are Worth Paying Attention to on Sonic?》
Penny, BlockBeats
In recent days, the heat of the Meme market has gradually cooled down, and Sonic has led DeFi to return to the market. The top projects in its ecosystem have almost all seen a 4-10x increase in the past week. What are the projects worth paying attention to in the current Sonic ecosystem, and what projects can be positioned for the future? The author summarizes as follows:
Maximum Gain & Loss
Token price fluctuation on February 21, sorted by trading volume
Top Gainer
1.$KAITO

2.$IP

3.$JTO

Top Loser
1.$B3

2.$PAIN

3.$BTG

On-chain Data
On-chain fund flow in the past week as of February 21

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DDC Enterprise Limited Announces 2025 Unaudited Preliminary Financial Performance: Record Revenue Achieved, Bitcoin Treasury Grows to 2183 Coins
On March 4, 2026, DDC Enterprise Limited (NYSE American: DDC) today announced preliminary, unaudited full-year financial performance for the year ended December 31, 2025. The company expects to achieve record revenue and record positive adjusted EBITDA, primarily driven by continued growth in its core consumer food business and overall margin improvement. The final audited financial report is expected to be released in mid-April 2026.
Revenue: Expected to be between $39 million and $41 million, reaching a new company high.
Organic Growth: Excluding the impact of the company's strategic contraction of its U.S. operations, core revenue is expected to grow 11% to 17% year over year.
Gross Profit Margin: Expected to be between 28% and 30%, reflecting continued operational efficiency improvements.
Adjusted EBITDA: The company expects to achieve a positive full-year result in 2025, a significant improvement from a $3.5 million loss in 2024, mainly due to rigorous cost controls and a higher-margin sales mix.
In 2025, DDC's core consumer food business maintained strong operational performance.
The company also disclosed Core Consumer Food Business Adjusted EBITDA, a metric that further excludes costs related to its Bitcoin reserve strategy and non-cash fair value adjustments related to its Bitcoin holdings from adjusted EBITDA to more accurately reflect the core business performance.
In 2025, Core Consumer Food Business Adjusted EBITDA is expected to be between $5.5 million and $6 million.
In the first half of 2025, DDC initiated a long-term Bitcoin accumulation strategy, holding Bitcoin as its primary reserve asset.
As of December 31, 2025: The company holds 1,183 BTC.
As of February 28, 2026: Holdings increased to 2,118 BTC
Today's additional purchase of 65 BTC brings the company's total holdings to 2,183 BTC
DDC Founder, Chairman, and CEO Norma Chu stated, "We are proud to have closed 2025 with record revenue and positive adjusted EBITDA, demonstrating the steady growth of the company's consumer food business and the ongoing improvement in profitability. We are building a disciplined, growth-oriented food platform and strategically allocating capital to Bitcoin assets with a long-term view, aligning with our core beliefs. We believe that this dual-track model of 'Steady Consumer Business + Strategic Bitcoin Reserve' will help DDC create lasting long-term value for shareholders."
For the full year 2025, the company defines "Adjusted EBITDA" (a non-GAAP financial measure) as: Net income / (loss) excluding the following items:· Interest expense· Taxes· Foreign exchange gains/losses· Long-lived asset impairment· Depreciation and amortization· Non-cash fair value changes related to financial instruments (including Bitcoin holdings)· Stock-based compensation
DDC Enterprise Limited (NYSE: DDC) is actively implementing its corporate Bitcoin Treasury strategy while continuing to strengthen its position as a leading global Asian food platform.
The company has established Bitcoin as a core reserve asset and is executing a prudent, long-oriented accumulation strategy. While expanding its portfolio of food brands, DDC is gradually becoming one of the public company pioneers in integrating Bitcoin into its corporate financial architecture.

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